Choosing a reliable forex broker isn’t so easy. There are a lot of forex brokers, so it can be difficult to choose the right one. The best way to find the most suitable broker is to compare forex brokers. While comparing forex brokers, you will find out which broker is the best for you. We give you some tips on how you recognise a trustable and good forex broker.
A trustable forex broker has a license
A trustable forex broker is licensed by the financial authorities. This is one of the most important requirements. A broker who is licensed by a financial authority is not a scam.
Check forex broker reviews
Check reviews, is a way to compare forex brokers. Reviews gives you an insight what other traders are experiencing using a forex broker.
Compare the deposit and withdrawal rules of forex brokers
It’s important to compare the deposit and withdrawal rules of some forex brokers. Most of the brokers have a flexible deposit policy, but a more tightened restrict policy on withdrawal money.
Check if the broker offers a segregated account
A segregated account is an account where the broker can’t take your money. If a broker stops the business, your money is still safe and returned back to you.
Compare forex brokers at a specialized website
Compare forex brokers at a specialized website. A reliable website only list brokers, that operate in an officially regulated environment.